Lates News

According to a brief from Every AI, Huayuan Securities released a research report on October 31, stating that they have given a "buy" rating to Zhongyu Technology (920694.SH). The main reasons for the rating include: 1) the company is expected to capture a larger market share through overseas factories as demand for oil and gas development accelerates in emerging markets such as the Middle East and South America; 2) the company is creating new growth points by increasing production capacity for flexible pipes and steel-lined pipes through fundraising, and is expected to transition from a single hose supplier to a "provider of fluid transfer system solutions." (Daily Economic News)